Create Health Ventures Closes $21M Fund to Support Digital Health Startups

Create Health Ventures, a venture capital firm dedicated to backing early-stage digital health startups with founders from the healthcare industry, has recently concluded its first fund of $21 million. The firm's primary objective is to invest in innovations that enhance access to healthcare, improve patient experiences, and promote better health outcomes. The investment focus mainly revolves around business-to-business (B2B) solutions targeting payers and pharmaceutical companies with the aim of driving enhanced patient engagement, more effective care journeys, and improved recruitment and retention in clinical trials. 

 The firm, led by Cartmell and Amit Aysola, boasts over 45 years of combined experience in healthcare operations and investing, positioning them to provide valuable expertise, regulatory knowledge, and operational insights to portfolio companies. Create Health Ventures is particularly interested in investing in payer-facing technologies and technologies that facilitate the recruitment and retention of patients in clinical trials. The firm's strategic approach is underpinned by the growing profitability of public payers post-Covid, reaching $49.1 billion by the end of 2023, with further expansion expected. By addressing the digital experience gap for health plan members and enabling seamless data and workflow aggregation, Create Health Ventures aims to drive transformative changes for payers, providers, and patients.

To date, Create Health Ventures has made five investments and leverages a diverse base of limited partners, including foundations, impact investors, and strategic industry partners. Read the full release here.